OFAC has posted a new Frequently Asked Question relating to a December 2017 announcement by Venezuelan President Nicolas Maduro of plans for the Venezuelan government to launch a digital currency. Because the proposed currency would reportedly carry rights to receive commodities in specified quantities at a later date, OFAC has determined that the currency would appear to be an extension of credit to the Venezuelan government, and U.S. persons that deal in the prospective Venezuelan digital currency may be exposed to U.S. sanctions risk.